Complete free trade is not politically feasible. Why? Because it's only in the general interest and in no one's special interest.

The power to do good is also the power to do harm.

There is no good way of measuring poverty.

The black market was a way of getting around government controls. It was a way of enabling the free market to work. It was a way of opening up, enabling people.

Cutting government spending and government intrusion in the economy will almost surely involve immediate gain for the many, short-term pain for the few, and long-term gain for all.

Money is a very powerful thing, which you hardly notice when it goes right, but which can create havoc when it goes wrong.

No central banker would disagree with the proposition that inflation is primarily a monetary phenomenon. Not one of them will disagree that every inflation has been accompanied by a rapid increase in the quantity of money and every deflation by a decline in the quantity of money.